Fed's Kaplan highlights
Fed's Kaplan headline from interview:
- intensification of trade tariffs would downgrade 2018/2019
- Calling out economic risks of trade spatt in meetings with lawmakers/Government officials
- worried about longer-term trade effects on capital expenditures, currencies, geopolitics
- he still expects one more US rate hike this year
- could be convinced of the need for 4th rate hike in 2018 depending upon outlook
- once rate reaches neutral around 2.5% to 2.75%, will need to debate whether to go higher